Credit Cards (US)

Bank of America® Premium Rewards® credit card review

In this Bank of America® Premium Rewards® credit card review article, you will find out how to earn unlimited points and many perks with this premium Visa!

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by Aline Augusto

Published on 02/03/2022

Bank of America® Premium Rewards® Card: unlimited points and exclusive benefits!

See what are the benefits of this card. Source: Bank of America®.
See what are the benefits of this card. Source: Bank of America®.

In this Bank of America® Premium Rewards® credit card review, you’ll learn the features of a premium card full of rewards. Besides the unlimited points, you can get a great welcome bonus worth $500.

Also, since it doesn’t charge foreign transaction fees and offers travel statement credits, this Visa is a fantastic option for travelers.

Please keep reading to learn all about its exclusive benefits!

Credit ScoreGood – Excellent 
Annual Fee$95
Regular APRFrom 15.99% to 22.99% (variable)
Welcome bonus50,000 bonus points (a $500 value) after you purchase at least $3,000 in the first 90 days
Rewards2 points per $1 spent on travel purchases;
2 points per $1 spent on dining purchases;
1.5 points per $1 spent on all other purchases
Cartão Bank of America® Premium Rewards® fundo branco

How to apply Bank of America® Premium Rewards®?

Earn unlimited points with a Bank of America® Premium Rewards® credit card! Check out how to apply for it!

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How does the Bank of America® Premium Rewards® credit card work?

Learn more about the Bank of America® Premium Rewards® card. Source: Canva.
Learn more about the Bank of America® Premium Rewards® card. Source: Canva.

Let’s begin talking about its rewards and perks. This credit card offers 50,000 online bonus points in the first 90 days of account opening after purchasing at least $3,000. And these points are worth $500 value.

In addition, you earn unlimited points with no expiration date and with flexible redemption options, as follows:

  • 2 points per $1 spent on travel purchases;
  • 2 points per $1 spent on dining purchases;
  • 1.5 points per $1 spent on all other purchases.

Besides the fact you earn points on every purchase you make, you can redeem it for cash back, credit, a statement credit, and gift cards.

In addition, you can get up to $200 in travel statement credits for qualifying purchases and towards TSA Pre✓ ® or Global Entry Application fees.

And it doesn’t end there. You take advantage of all its benefits as a premium card, such as concierge service, Visa Signature® Luxury Hotel Collection, automotive, purchase, and travel protections.

Furthermore, you will always feel safe with $0 Fraud Liability and protection features.

In order to get all those rewards and perks, you will pay $95 as an annual fee, a variable APR from 15.99% to 22.99%, and a 3% balance transfer fee for each transaction with a minimum of $10.

Bank of America® Premium Rewards® Card benefits

Keep reading our Bank of America® Premium Rewards® credit card review. Source: Canva.
Keep reading our Bank of America® Premium Rewards® credit card review. Source: Canva.

This credit card is one of the best premium and reward cards. If you travel a lot, this might be a perfect choice for you.

Besides the unlimited points for every purchase, it offers protection and exclusive assistance for its cardholders.

Pros

  • It offers rewards on all purchases with flexible redemption options;
  • It features a great welcome bonus;
  • You can get exclusive benefits like concierge service, Visa Signature® Luxury Hotel Collection, automotive, purchase, and travel protections;
  • It provides security features and $0 Fraud Liability;
  • It doesn’t charge any foreign transaction fees.

Cons

  • It charges an annual fee;
  • The APR is quite high;
  • The balance transfer fee is relatively high, too.

How good does your credit score need to be?

If you manage to carry a good credit history, you may be able to apply for this exclusive premium credit card. 

How to apply for Bank of America® Premium Rewards® credit card?

Whether you are a traveler or a person who wants exclusivity, a Bank of America® Premium Rewards® might be a great credit card for you. Check out how to apply for it!

Cartão Bank of America® Premium Rewards® fundo branco

How to apply Bank of America® Premium Rewards®?

Earn unlimited points with a Bank of America® Premium Rewards® credit card! Check out how to apply for it!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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